Summer.fi

**Key Updates:** - MERKL Rewards proposal (SIP3.7) has passed and will be enabled across all vault markets - 5 new proposals are active for voting until Aug 17/18: - Base: LowerRisk fleets for USDC and WETH - Ethereum: HigherRisk USDC Fleet - Arbitrum: LowerRisk fleets for USDT and USDC - 3 major forum discussions ongoing: - Optimism Mainnet USDC/ETH Fleet onboarding - Core protocol ARKs update on mainnet - MorphoLabs ARKs support on Arbitrum **Take Action:** Review proposals and cast your votes at [gov.summer.fi](https://gov.summer.fi) before the deadline.

The USDC Vault on Base chain continues to demonstrate strong performance metrics: - Current APY stands at 7.28% (5.82% above DeFi median) - 30-day average APY: 6.53% (5.07% above median) - Additional SUMR token rewards: 26.24% - Total deposits: 6.29M USDC - Vault capacity: 35% utilized (18M cap) Compared to two weeks ago, while APY decreased from 9.14% to 7.28%, the vault maintains above-market yields. The vault focuses on automated, passive income generation through optimized lending strategies. [Learn more about the vault](https://summer.fi/earn/base/position/0x98c49e13bf99d7cad8069faa2a370933ec9ecf17)

Summer.fi has initiated a new governance cycle with 6 Lazy Summer DAO proposals focused on scaling vault performance and contributor rewards. Key proposals include: - SIP2.142.18: Expanding Lazy Vault capacity with new Arks across Ethereum, Arbitrum & Base - Integration of LowerRisk USDC vaults from Hyperithm, Morpho Labs, and Silo Finance - Addition of HigherRisk USDC vault by Silo Finance - Implementation of LowerRisk WETH vaults by Morpho and Origin Protocol - SIP3.5: Distribution of June delegate rewards Voting is open until July 6th at [gov.summer.fi/dao/proposals](https://gov.summer.fi/dao/proposals) A Governance Jam with StableLab is scheduled for July 9th to discuss proposals.

Despite a 27% decrease in DeFi TVL during Q1, Ethereum shows robust network activity with $2.2M in fees on April 7, outpacing Solana's $960K. This indicates sustained engagement with on-chain services. Key developments: - Restaking protocols and LSTs gaining traction - Yield opportunities re-emerging across DeFi - Network activity remains strong despite TVL fluctuations [Summer.fi](http://summer.fi) provides a unified dashboard for managing DeFi positions across multiple protocols, offering automation and monitoring tools for experienced users navigating the evolving landscape.

Summer.fi has reached a significant milestone in implementing AI technology for DeFi strategy validation. The platform is integrating intelligent systems to enhance safety and efficiency in decentralized finance operations. - New AI features will improve automated strategy validation - Implementation planned for rollout in 2025 - Technology aims to create more secure and efficient DeFi operations This development follows industry trends, with platforms like Alethea AI demonstrating the potential of AI integration in DeFi for enhanced user engagement and self-adjusting financial contracts. *Want to learn more?* Visit Summer.fi to explore their upcoming AI-powered features.

Summer.fi had a busy September with several key updates: - Released Lazy Summer protocol Litepaper, a permissionless passive earn product coming in Q1 2025 - Launched second phase of $RAYS program with new points for active users - Integrated @SkyEcosystem (formerly MakerDAO) features - One user surpassed 1M $RAYS milestone Key features: - Token upgrades and diverse earning opportunities available - Strategy insights accessible at summer.fi/rays - Community support via Discord at chat.summer.fi Stay tuned for more developments as Lazy Summer protocol approaches.

Summer.fi has introduced a new $rsETH market with improved terms: - Higher Loan-to-Value (LTV) ratio of 94% (up from 86%) - Additional benefits include: - Summer.fi $RAYS - 3x Kelp Miles - $USDC incentives from KelpDAO This new offering enhances the Earn pairs suite, providing users with more attractive options for yield generation. For more information or to ask questions, join the Summer.fi Discord community at chat.summer.fi.